Article 6 Shipment
Section 1 OMC shall effect shipment of the Product by a vessel leaving from a Japanese port and OMC shall negotiate all concerned documents including Invoice, Packing List, Bill of Lading and Insurance Policy at a bank in Japan soon after shipment. The latest date of arrival of the vessel loading the Product to Bangkok Port shall be not later than 9 months after OMC’s receipt of L/C.
The date of the Bill of Lading shall be regarded as the date of shipment.
Section 2 In the event that OMC fails to cause the vessel loading the Product to reach Bangkok Port within 9 months after OMC’s receipt of L/C, OMC shall pay NWR Baht 2,400,000 per day as the delay penalty for the number of delayed dates.
Section 3 Partial shipment shall not be allowed. OMC shall effect shipment of all of the contracted items stipulated in Section 1-2) of Article 1 at one time by one vessel.
Section 4 OMC shall arrange shipment including all customs clearance procedure in Japan on OMC’s account and responsibility.